Sugar up on better offtake

Restricted supply also supported sugar prices

Sugar prices rose by Rs 25 per quintal in futures trading today following increased offtake amid restricted supply.

Marketmen said, pick-up in demand due to marriage and summer season against restricted supply in the market was mainly responsible for the rise in sugar prices.

Sugar ready M-30 and S-30 prices moved up by Rs 25 each to settle at Rs 3100-3225 and Rs 3050-3175 per quintal, respectively.

Sugar mill delivery M-30 and S-30 prices also rose by Rs 25 each to Rs 2900-3100 and Rs 2890-3075 per quintal.